Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Ukraine war
by
darkangel11
on 07/03/2022, 12:08:39 UTC
Secondly, I don't think that this Russian Invasion of Ukraine is really affecting the price of Bitcoin as most are saying. Please take time to look at the price in a bigger time frame instead of hourly or minutes.

It is affecting it in daily moves and volume, but not if you look at the last 3 months as a whole. What is affecting it more is anti inflation policies of various countries (mainly the US) that make the stocks fall. Stock traders balance their portfolios by selling the assets they consider most risky which are cryptocurrencies and this creates some bearish sentiment on the market.
The invasion is also creating some risk for the markets because the price fell when Russians attacked a nuclear power plant. People are afraid of a nuclear catastrophe and such event would be a big hit for all financial markets.